AS the cost of living continues to rise, a group of entrepreneurs from the Perth Hills have thought of a way for people to make money from the space they own.
A website that lets those who have space, book it out for a variety of uses, is the brainchild of SpacetoCo’s founders, Jeremy Hurst, Daniel McCullen and Daniel Franco.
The trio say their digital startup brings together members of local communities and helps people to share the resources they have with those who need to use some spare space.
Bookings are simple to make and it is free to list.
Mr Hurst said the website lets people tap into unused spaces, list them online, and it challenged the way people hire and share spaces.
“In the process we hope to connect people and spaces to allow them to co-work, co-share, collaborate and cooperate.”
The Hovea resident said the idea was originally born out of trying to solve a problem.
“I was looking for a training venue that wasn’t expensive because it was just too noisy to meet in cafés.”
Mr Hurst said the website was automated and the aim was to create the equivalent of Airbnb for spaces.
“We list anything from a board room to a shed with equipment and our categories range from creative spaces, to social, work and even nature spaces.”
“Basically, any space can be a resource.”
SpacetoCo launched in March this year and to date there are about 100 spaces listed on the site, which always welcomes new listings.
Currently, call outs for space includes an office desk sharing space, a place to hold regular meetings, a place to run classes, a space to host under age events and unique wedding reception venues.
The innovative way of utilising space earned SpacetoCo a finalist nomination in the StartUp of the Year category for 2017.
This month, the startup will pitch to the Australia Post Regional Pitchfest judges, having been chosen as one of five Western Australian finalists.
Pitchfest provides a national program for growth opportunities and experiences for entrepreneurs and small business owners.
It gives innovators the chance to pitch their idea or business to a live audience and an expert panel, for the chance to win a share of $100,000 in prizes.
The WA finals will be held in Bunbury and a finalist from each state will then go head to head in the national final in August.
To find out more go to spacetoco.com